financial

Hedge Funds

Regaining control: why investors must stand up to banks

As the chief executive of a financial services media and events business, Colin Tate benefits from the growth in the banking sector. But at the same time he is perplexed by the bad corporate behaviour, large pay packets, and secret negotiations of international banks. It’s time, he says, for institutional investors to demand change. I’m […]
Opinion

The misguided idealism of Arthur Sinodinos

There are many reasons to applaud the discussion paper issued by Treasury on better governance and transparency in superannuation, but its ownership by someone without an in-depth knowledge of retirement planning is worrying. That Arthur Sinodinos, the minister for financial services and assistant treasurer, also has a background in banking and thus a clear bias […]
Opinion

Cormann wish list to hit industry fund status

Cuts to red tape and greater market freedoms in superannuation have been promised by Senator Matthias Cormann if the Liberal Party wins the election. These will open up the system of default funds for industry sectors and will also face the imposition of independent trustees. He has also reiterated his party’s promise that there will […]
Unintentional

Qsuper ups the ante on value

Members of QSuper who use its new mortgage-advice service will receive half of the broking commission from any deal, one of a growing number of innovative offers from banks and funds fighting for market share. The rollout through QSuper’s financial advice arm, QInvest, is likely to be of most benefit to those in their 30s […]
CMSF

Is governance keeping up with financial innovation?

AustralianSuper’s aspiration to move 30 per cent of its assets inhouse has prompted a review of its governance environment to ensure it can accommodate those internal investments. The fund attributes about 86 per cent of its risk to portfolio strategy, investment operations, strategy and asset allocation, according to head of investment operations, Peter Curtis, and […]
Hedge Funds

Three ways to better manage non-financial risk

The recent financial crisis shed light on a number of new sources of risk. On the one hand there was the extreme correlation between the real estate mortgage and equity markets, and on the other hand the extreme price sensitivity of all assets to the counterparty and liquidity risks of the financial system with respect […]
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